Inflation Protection Correlations

PIPIX Fund

USD 7.69 0.01 0.13%

The current 90-days correlation between Inflation Protection and Quantitative Longshort Equity is 0.01 (i.e., Significant diversification). The correlation of Inflation Protection is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Inflation Protection Correlation With Market

Average diversification

The correlation between Inflation Protection Fund and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Protection Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Inflation Protection Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Inflation Mutual Fund

0.77	PFRSX	Real Estate Securities	Pair Corr
0.67	PGBAX	Global Diversified Income	Pair Corr
0.67	PGBLX	Global Diversified Income	Pair Corr
0.76	PGDCX	Global Diversified Income	Pair Corr
0.68	PGDIX	Global Diversified Income	Pair Corr
0.66	PGRUX	Global Real Estate	Pair Corr
0.68	PGRKX	Global Real Estate	Pair Corr

Moving against Inflation Mutual Fund

0.61	PFUMX	Finisterre Unconstrained	Pair Corr
0.5	PGBEX	Blue Chip Fund	Pair Corr
0.5	PGBGX	Blue Chip Fund	Pair Corr
0.4	SABPX	Strategic Asset Mana	Pair Corr
0.4	SACAX	Strategic Asset Mana	Pair Corr
0.4	SAGPX	Strategic Asset Mana	Pair Corr
0.39	SAIPX	Strategic Asset Mana	Pair Corr
0.39	PFLJX	Principal Lifetime 2050	Pair Corr
0.38	PFISX	International Small Pany	Pair Corr
0.33	PFIEX	International Equity	Pair Corr
0.31	PFIJX	Strategic Asset Mana	Pair Corr
0.5	PGBHX	Blue Chip Fund	Pair Corr
0.46	STCCX	Short Term Income	Pair Corr
0.45	PGLSX	Global Multi Strategy	Pair Corr
0.39	SCBPX	Strategic Asset Mana	Pair Corr
0.39	SCGPX	Strategic Asset Mana	Pair Corr
0.37	PGRTX	Smallcap Growth	Pair Corr
0.37	SCIPX	Strategic Asset Mana	Pair Corr
0.37	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.37	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.36	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.55	PHSPX	Pimco High Yield	Pair Corr
0.39	PHTUX	Principal Lifetime Hybrid	Pair Corr
0.37	PHJYX	Principal Lifetime Hybrid	Pair Corr
0.37	PHJUX	Principal Lifetime Hybrid	Pair Corr
0.36	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.36	PHJTX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	GTLSX	TMSRX	PCEMX	MSTBX	VOLMX	PIEFX	REMVX
GTLSX		0.69	0.81	0.85	0.74	0.45	0.73	GTLSX
TMSRX	0.69		0.91	0.7	0.89	0.77	0.93	TMSRX
PCEMX	0.81	0.91		0.73	0.89	0.85	0.98	PCEMX
MSTBX	0.85	0.7	0.73		0.83	0.43	0.71	MSTBX
VOLMX	0.74	0.89	0.89	0.83		0.79	0.88	VOLMX
PIEFX	0.45	0.77	0.85	0.43	0.79		0.85	PIEFX
REMVX	0.73	0.93	0.98	0.71	0.88	0.85		REMVX
	GTLSX	TMSRX	PCEMX	MSTBX	VOLMX	PIEFX	REMVX

Risk-Adjusted Indicators

There is a big difference between Inflation Mutual Fund performing well and Inflation Protection Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Inflation Protection's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GTLSX	0.64	0.32	0.67	1.99	0.00	(0.84)	0.73	(0.46)	18.34
TMSRX	0.11	0.00	(0.35)	0.14	0.00	(0.17)	0.23	(0.23)	0.91
PCEMX	0.61	0.15	0.13	0.42	0.40	(0.75)	1.62	(0.94)	3.65
MSTBX	0.06	0.00	(0.81)	0.13	0.00	(0.12)	0.10	(0.10)	0.41
VOLMX	0.53	0.01	(0.03)	0.11	0.49	(0.57)	1.17	(0.92)	2.44
PIEFX	0.78	0.06	0.03	0.17	0.72	(0.89)	1.67	(1.29)	3.80
REMVX	0.58	0.14	0.15	0.39	0.26	(0.76)	1.23	(0.84)	3.26

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